AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0317%/8h= +34.7% APRnext payment +$0.40 per $10,000 · paid last 24h +0.266%

Price spread now: Kraken Futures against Deribit+0.060%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.346%+$35 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.060%, 7d avg +0.051%

Together, before fees+0.411%+$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	142.03	0	get 0.0000% / 1h	35m 59s	$216K	$396K	50x
Short	Kraken Futures PF_AAVEUSD	142.12	0.0317	get 0.0040% / 1h	35m 59s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.060%Rate

Funding earned: $66.62
Price spread: +0.060% → +0.051%: $0.88
Slippage, 4 orders: −$29.39
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $21.11
Costs to cover: 0.464%
Break-even: 4.8 days

Slippage from Deribit: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 3 min ago	4.93 bp	8.4 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.87 bp	13.7 bp −$14	19.3 bp −$193	119.0 bp −$11.9K	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX AAVE-USD	0.0000%	1h	142.14	+0.080%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	+0.070%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.0000%	1h	142.03	long leg	$216K	$396K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.06	+0.018%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.570%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.96	−0.051%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0069%	1h	141.98	−0.035%	$821K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	142.02	−0.007%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.23	+0.141%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.16	+0.095%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.10	+0.047%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.07	+0.027%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	+0.079%	$324K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.99	−0.028%	$63.9M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.98	−0.035%	$61.1M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.98	−0.035%	$16.9M	$65.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.17	+0.099%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.07	+0.028%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.06	+0.021%	$24.7M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.10	+0.049%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.97	−0.042%	$29.0M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.99	−0.028%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.12	+0.063%	$374K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.40	+0.261%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	+0.081%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.48	+0.316%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.45	+0.296%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.08	+0.035%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.01	−0.015%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.03	0.000%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.22	+0.133%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.10	+0.049%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.229%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.99	−0.032%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.06	+0.019%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.13	+0.070%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0152%	1h	142.14	+0.076%	$77.7M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.22	+0.134%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.05	+0.017%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.09	+0.040%	$192K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.32	+0.204%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0317%	1h	142.12	+0.060%	$3.4M	$2.1M	50x